Meta Platforms Inc. (META · NASDAQ)

Meta Platforms' free cash flow turned negative at -$1.16B for the quarter ended September 30, as capex of $33.94B slightly exceeded operating cash flow of $32.79B, even as revenue grew 28% YoY to $64.60B. Operating income compressed sequentially to $12.99B from $18.77B in the prior quarter and $24.75B in Q4 2025, driving earnings down 13.4% YoY despite the top-line strength. The stock has fallen 14.5% over the past month and 9.4% over five days to $642.62, with RSI at 24 signaling oversold conditions, though it remains 1.7% above its 200-day moving average. The company beat estimates in three of its last four quarters, most recently reporting EPS of $7.40 versus $6.52 expected.